The power plant is expected to provide the Egyptian economy with $6.5bn in savings in annual natural gas costs and create up to 120,000 job opportunities
The companies will look at developing technical solutions to decarbonise or improve the energy efficiency of upstream oil and gas assets among other initiatives
The global oil market, climate change, Ukraine’s grains exports and the aluminium sector are among the top commodity markets to keep an eye on this week
Dr Sultan Al Jaber, Masdar chairman and COP28 President-Designate, has been meeting global leaders to build consensus toward solutions that can deliver an equitable energy transition
The two entities agreed to enhance the collaboration in the energy sector, transmission and distribution communication networks
The two parties will jointly formulate a strategy to best approach the international market and secure offtake arrangements
OPEC+ nations are engaged in production cuts to balance prices in crude markets
This investment comes under Multiply+, the group’s sector-agnostic arm
EWEC is accelerating the implementation of Abu Dhabi’s energy transition to reduce reliance on hydrocarbons and meet its energy demand through renewable sources
Across the world, where varieties of crude more closely resemble those from Saudi Arabia, prices are shooting up as refineries clamour for alternatives
The solar farm will generate enough electricity to power approximately 160,000 homes across the UAE
The agreement allows the companies to further raise the condensate volumes
The energy cooperation framework aims to advance production of hydrogen and electricity using renewable sources
The UAE will not be undertaking oil supply production cuts even as Saudi Arabia looks to balance the markets
The International Energy Agency says the rest of the world is going the way of the electric car, bringing peak oil demand before the end of the decade
Low-carbon solutions are products, services and technologies with a small carbon footprint that can serve as alternative energy sources
It has become the first hotel operator in the UAE to receive International Renewable Energy Certificates
West Texas Intermediate traded just below $72 a barrel
The KEXIM loan facilities were refinanced through a competitive market process resulting in the selection of two banks, ADCB and FAB
The strategy aims to triple the contribution of renewables to the country’s energy mix by 2030 to reduce the effects of climate change
The pipeline extension will drive further growth as part of the company’s strategy to increase its market share and enhance its customer base
The cost of petrol has slightly increased following a small reduction last month
The drilling company said the awarding of the contracts follows more than $11.5bn in long-term contracts announced since the beginning of 2022
The exits of some players may make it easier for renewable energy companies to raise prices to a sustainable level and to ramp up investment
The awarding of the contracts marks the start of construction work on the petrochemical facility
Countries that import the most oil will have to make the biggest contribution to the fund
The partnership aims to provide eco-friendly electricity to PDG’s data centre in Mumbai for a period of 25 years
The fifth phase of the Dubai solar park is expected to power 270,000 homes and offset 1.18 million tonnes of carbon emissions per year
The company has committed to reducing its carbon footprint by at least a quarter by 2030
The green bonds sale will help fund an effort to boost renewable energy generation capacity five-fold by the end of the decade